Railway Management System Market is forecast to reach $62.43 billion by 2025, growing at a CAGR of 8.9% from 2020 to 2025. Over the past decade, the growing trend of urbanization and growth in the adoption of advanced technologies has led to the rapid evolution of railway systems. Radical developments in the railway environment, enabled through communication technologies, require revising of existing strategies and business models adopted by rail operators. Railway management systems assist railroad operators by making use of IT and control systems, providing advanced railway operation control centers. These systems yield greater quality and high safety regulations, greater consistency and potential cost savings which influence their market adoption. Governments around the world are making strategic investments in the rail industry with the goal of upgrading the current railway infrastructure, thereby stabilizing the country’s economic growth. For example, the Norwegian government has decided to invest USD 14.4 billion in rail infrastructure & digitization projects under the National Transportation Plan. It will cover new railway projects and digitalization investments and the existing infrastructure to meet the growing population’s requirements, thus reducing emissions and road congestion. In addition, the emergence of smart cities also has a positive impact on market growth for the railway management system.
Railway Management System Market Segment Analysis – By Solution
During the forecast period the Rail traffic management system is expected to grow at a CAGR of 10.2%. The global market is expected to see higher demand for traffic planning solutions based on the solutions facilitated through railway management systems & subsystems. Advanced traffic management systems for the railways are expected to enable local administration to adapt to changing regional rail traffic patterns. Narrow track traffic management and planning will continue to be a key concern for the administration of railways, particularly in metropolitan environments. Rail traffic management systems require centralized traffic control and supervision of the entire rail network. It is feasible to regularize the entire rail operations from a central control system. This central administration system uses real-time data to automate traffic over high-speed communication links through trains and rail infrastructures. Rail traffic management involves signaling, traffic control, routing, and train schedules.
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Railway Management System Market Segment Analysis – By Deployment Mode
The Cloud-based segment is expected to grow at a higher CAGR of 11.4% during the forecast period. Cloud-based models offer more advantages than legacy on-premise systems, leading to higher rates of adoption. The cloud platform offers improved capabilities in storage & data processing for operational control and related market solutions. Such models also help in enhancing their market share by offering real-time data collection, distribution and efficient data transfer capabilities. The importance of digital transformation across the globe greatly influences the adoption of cloud in railways. In the current scenario, the global market for railway management systems is undergoing a paradigm shift from conventional on-premise deployment to cloud based deployment. Driven mainly by the presence of a new category of cloud-only solutions, this trend aims to limit integration complexities and installation costs with quick setup. The increasing number of cloud-based railway solutions is a revenue stimulating factor which is prevalent in the current market scenario.
Railway Management System Market Segment Analysis – By Geography
APAC currently dominates the global Railway Management System market with a share of more than 38.6% and is expected to dominate this market in the forecast period. That’s because of increased adoption of new technologies and high digital transformation investments. Also expected to contribute to market growth will be the increasing GDP of the APAC countries. Most of this region’s potential economies include Australia, Singapore, China, Korea, Hong Kong, and India, which are said to be investing rapidly in technological transformation. As a result of rapid urbanization in the emerging economies, the demand for a rapid and extensive network of transport modes is increasing, creating enormous demand for railway management systems in the neighborhood. Additionally, the brewing of government-private partnerships in developing economies is also expected to drive growth in the Asia Pacific target market.
Railway Management System Market Drivers
Rapid technological advancements and digitalization
Over the past two decades, a range of rapid technological advances have facilitated market transformation, while providing digital tools to deliver innovative services. Owing to the significant advantages that digitalization offers to the organization, the public and the passengers, the speed of this digitalization is set to increase. This ecosystem is set to grow continuously over time, encouraging organizations to deliver innovative advanced services and adopt complex technologies, operational capabilities and approaches. Within this dynamic landscape, there will be significant opportunities for generating revenue, lowering expenses, and enhancing passenger experience. Railways are implementing digital solutions to achieve these, and to some extent abandoning traditional ways of working. As a core element of urban growth, railway systems offering exceptional environmental performance, economics, and time effectiveness are identified. This is expected to boost the market growth.
Ongoing developments related to ERTMS
The ERTMS is a significant manufacturing project developed by eight members of the Union des Industries Ferroviaires Europeans (UNIFE)-Alstom Transport, Bombardier Transportation AZD Praha, Hitachi Rail STS, CAF, Siemens Mobility, Mermec, and Thales. This project was planned with the railway stakeholders, the European Union and the GSM-R industry in close support. The ERTMS is projected to replace the various national train control & command systems across the world, gradually creating a seamless rail system in Europe. In turn, Europe is likely to benefit from technology advances, with planned greater use of data analytics platforms and IoT in many rail management operations.
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Railway Management System Market Challenges
Integration complexities over legacy systems and networks
Railway technology management systems are an integration of various technology elements, such as hardware, software, and network elements that can sometimes be complex to configure. The integration of different hardware devices over the legacy system infrastructure, along with the railway management software, can become complex. In addition, due to protocol issues, legacy systems are often unable to integrate with new generation smart devices. These systems are not adequately capable of communicating efficiently with technologically advanced systems. Such dynamics of integration are likely to hinder market growth in the coming years.
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in Railway Management System Market. Railway Management System Market is expected to be dominated by major companies such as Hitachi, Ltd., ABB, Bombardier, Huawei Technologies Co., Ltd., Indra, Atos SE, Toshiba, Tech Mahindra, Nokia, Ansaldo, Siemens, Thales, DXC Technology, Amadeus, Alstom, Cisco, Optasense, IBM, General Electric, GAO RFID, EKE Electronics, Sierra Wireless, Eurotech, Frequentis, and Trimble
In May 2018, Bombardier launched its software solution, Train Control and Monitoring System (TCMS), which is already installed on Singapore’s Downtown Line (DTL). This new solution maximizes passenger comfort and the system’s operational efficiency by displaying real-time passenger load information on LCD screens at station platforms
In May 2018, Siemens was commissioned to supply the Hungarian line Százhalombatta—Pusztaszabolcs. Siemens would provide the train control system, Trainguard 200, including the installation of European Train Control System (ETCS) Level 2 and Radio Block Center (RBC), as well as, 2 electronic signal box types, Trackguard Simis IS. The contract will last till the end of 2020.
The growing trend of urbanization and the increase in the use of advanced technologies has led to the rapid development of railway systems. However, the advent of smart cities for the railway management system also has a positive effect on market growth.
Cloud-based models offer more advantages than the legacy on-premise systems, resulting in higher adoption rates. The cloud platform provides enhanced storage & data processing capabilities for operational control and related market solutions.
In addition, the brewing of government-private partnerships in developed economies is also expected to fuel growth in the target market for Asia Pacific.
The integration of various hardware devices, along with the railway management software, over the legacy system infrastructure can become complex. In addition, legacy systems are often unable to integrate with new generation of smart devices due to protocol issues. This is expected to hinder market growth.
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